WASHINGTON — Americans' confidence in the economy slumped for the fifth straight month to the lowest level since the onset of the COVID-19 pandemic as anxiety over the impact of tariffs takes a heavy toll. The Conference Board said Tuesday that its consumer confidence index fell 7.9 points in April...
Coca-Cola Reports Better-Than-Expected Quarterly Profit, Says It Can Manage Through Tariffs
Coca-Cola reported better-than-expected earnings in the first quarter and said the impact of tariffs on its business are likely to be "manageable." Coke and other beverage makers are facing a 25% tariff on the aluminum they use for cans, among other items. Last week, rival PepsiCo lowered its full-year earnings...
How California Sanctuary Policies Are Faring Under Pressure From Trump
In 1971, Berkeley, California, became the first place in the nation to deem itself a sanctuary city, at the time to provide refuge for sailors who protested the Vietnam War. Today, at least 25 cities and counties in California have declared themselves sanctuaries for immigrants living in the country illegally...
Trump Signs 3 Executive Orders, Addressing Immigration and Policing
WASHINGTON — President Donald Trump signed three more executive orders Monday, including one targeting local jurisdictions that the administration says are not cooperating with its aggressive immigration crackdown. One order directs Pam Bondi, the attorney general, and Kristi Noem, the secretary of homeland security, to publish a list of state...
UPS Cuts 20,000 Jobs, GM Delays Investor Call as Trump’s Tariffs Create Corporate Chaos
FRANKFURT/STOCKHOLM/DETROIT (Reuters) - The fallout from U.S. President Donald Trump's trade war reverberated further through the corporate world on Tuesday, as delivery giant UPS said it would cut 20,000 jobs to lower costs, while General Motors pulled its outlook and pushed its investor call to Thursday pending possible changes to...
Fresno Police Arrest Teen With Stolen Gun
A 16-year-old boy was arrested after Fresno police say he was found carrying a stolen handgun during a call for service in Southeast Fresno, the Fresno Police Department said in a statement. Officers from the department’s Southeast patrol division responded to reports of a possible armed person near Butler Avenue...
Canada’s Liberals Celebrate a Stunning Win and the Populist Challenger Loses His Seat
TORONTO — As Canada’s Liberals celebrated election victory in a stunning turn of fortune, the country would not know until later Tuesday whether the party of Prime Minister Mark Carney would have an outright majority or need help in Parliament. Populist Conservative leader Pierre Poilievre — in the lead until U.S. President Donald...
White House Denounces Amazon for Plan to Disclose Cost of US Tariffs
WASHINGTON (Reuters) -The White House on Tuesday denounced Amazon's reported plans to disclose the cost that U.S. tariffs imposed by President Donald Trump were adding to its products, and slammed the retail giant for its past ties to China. White House press secretary Karoline Leavitt said she had discussed the...
Pre-Tariffs Stockpiling Boosts US Goods Trade Deficit to Record High
WASHINGTON (Reuters) - The U.S. trade deficit in goods widened to a record high in March as businesses ramped up efforts to bring in merchandise ahead of President Donald Trump's sweeping tariffs, suggesting trade was a large drag on economic growth in the first quarter. While some of the imported...
US Job Openings Fall in March; Layoffs Decline
WASHINGTON (Reuters) - U.S. job openings dropped sharply in March, but a decline in layoffs suggested that the labor market remained on solid footing despite an ever-shifting tariffs policy casting a pall over the economy. Job openings, a measure of labor demand, decreased 288,000 to 7.192 million by the last...